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Journal articles (2019), Economics Letters, 184

The Effects of Redistributive Taxation in Credit Markets with Adverse Selection

This paper studies the effects of redistributive taxation in credit markets with adverse selection and shows that there exists a range of taxes that creates Pareto improvements relative to the (zero-tax) market allocation by increasing aggregate investment. For sufficiently high taxes, an increase in the safe interest rate can be accompanied by an increase in investment. Link to the article

DOSIS, A. (2019). The Effects of Redistributive Taxation in Credit Markets with Adverse Selection. Economics Letters, 184.

Keywords : #Credit-market, #Adverse-selection, #Taxation, #Redistribution, #Welfare